Ask Question
10 August, 01:45

Monthly rent was determined for each apartment in a random sample of 100 apartments. The sample mean was $820 and the sample standard deviation was $25. An approximate 95 percent confidence interval for the true mean monthly rent for the population of apartments from which this sample was selected is ($815, $825). Which of the following statements is a correct interpretation of the 95 percent confidence level?

+2
Answers (1)
  1. 10 August, 03:29
    0
    we are 95% confident that for samples of large size randomly drawn the sample mean would fall within this interval

    Step-by-step explanation:

    Given that monthly rent was determined for each apartment in a random sample of 100 apartments. The sample mean was $820 and the sample standard deviation was $25.

    95 percent confidence interval for the true mean monthly rent for the population of apartments from which this sample was selected is ($815, $825).

    Mean = 820 (the average of two bounds)

    we are 95% confident that for samples of large size randomly drawn the sample mean would fall within this interval
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Monthly rent was determined for each apartment in a random sample of 100 apartments. The sample mean was $820 and the sample standard ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers